Affirm president receives 11,719 shares from RSUs
Affirm’s president had RSUs vest into Class A shares, with a portion withheld to cover taxes rather than sold in the market.
Rhea-AI Filing Summary
Affirm Holdings, Inc. (AFRM) reported that President Michael Linford settled vested Restricted Stock Units into 11,719 shares of Class A Common Stock on September 1, 2026. In connection with this vesting, 4,662 shares of Class A Common Stock were withheld to satisfy tax obligations, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,719 shares exercised/converted
Exercise
5 txns
Insider
Linford Michael
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 2,338 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F4 | 5,674 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F5 | 3,707 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 11,719 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F1 | 4,662 | $69.94 | $326K |
Holdings After Transaction:
Restricted Stock Units — 75,052 contracts (Direct);
Class A Common Stock — 127,770 shares (Direct)
Footnotes (5)
- F1. Represents the number of shares of the Issuer's Common Stock withheld to satisfy the Reporting Person's tax obligation in connection with the settlement of shares of Common Stock underlying the Reporting Person's restricted stock units that vested on September 1, 2026.
- F2. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3. The RSUs vest in 48 equal monthly installments beginning October 1, 2022, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.
- F4. The RSUs vest in 16 equal quarterly installments beginning September 1, 2025, subject to the Reporting Person's continuous service with the Issuer as of each vesting date. This grant has no expiration date.
- F5. RSUs vest in equal quarterly installments for a period of three years beginning December 1, 2025, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date.
Key Figures
RSUs converted: 11,719 shares
Tax withholding shares: 4,662 shares
Tax withholding reference price: $69.94 per share
+2 more
5 metrics
RSUs converted
11,719 shares
Total Class A Common Stock received from RSU settlement on September 1, 2026
Tax withholding shares
4,662 shares
Shares of Class A Common Stock withheld to satisfy tax obligation on September 1, 2026
Tax withholding reference price
$69.94 per share
Per-share value used for the 4,662-share tax withholding on September 1, 2026
Monthly vesting schedule
48 installments
One RSU grant vests in 48 equal monthly installments beginning October 1, 2022
Quarterly vesting schedule
16 installments
Another RSU grant vests in 16 equal quarterly installments beginning September 1, 2025
Key Terms
Restricted Stock Unit, Class A Common Stock, vesting commencement date, continuous service
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Class A Common Stock financial
"receive one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting commencement date financial
"for a period of three years beginning December 1, 2025, the vesting commencement date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
continuous service financial
"subject to the Reporting Person's continuous service with the Issuer"
FAQ
What insider equity event did AFRM report for President Michael Linford?
Affirm reported that President Michael Linford had Restricted Stock Units settle into 11,719 shares of Class A Common Stock on September 1, 2026, reflecting the vesting and conversion of previously granted RSUs.
Did Michael Linford execute any open-market buys or sells of AFRM stock?
No open-market purchases or sales are reported. The Form 4 shows RSU conversions into 11,719 shares and a disposition of 4,662 shares withheld for taxes, rather than an exchange-traded buy or sell.
What RSU grants are vesting for Michael Linford at Affirm (AFRM)?
One RSU grant vests in 48 equal monthly installments beginning October 1, 2022. Another vests in 16 equal quarterly installments beginning September 1, 2025, and a third vests in equal quarterly installments over three years beginning December 1, 2025, all subject to continued service.
Was a Rule 10b5-1 trading plan used for this AFRM Form 4 activity?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed, and the footnotes do not describe any Rule 10b5-1 or similar pre-arranged trading plan for these RSU-related transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
